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Trump speaks by phone with China's Xi on trade

Posted on Monday, November 05, 2018 by Judy Cobb

U.S. President Donald Trump

News signaling improvements in US-China ties, in turn buoying the markets, would provide the president a chance to vie for support in midterm elections on Tuesday that will decide whether the Republicans keep control of Congress. "They are very willing to make a deal", said trump.

Though final decisions have not been made, US officials are preparing for such a scenario in case a planned Trump-Xi meeting yields no progress on the sidelines of a Group of 20 summit in Buenos Aires in November, according to the report.

U.S. President Donald Trump has not "set in stone" any decisions on escalating tariffs on Chinese goods and may withdraw some duties if there are promising policy discussions with China, White House economic adviser Larry Kudlow said on Wednesday.

The headwinds have increased with Trump's specific charge - publicly echoed by Vice President Mike Pence - that China is actively trying to interfere in the U.S. midterm elections, to be held on November 6. He will certainly bring the subject to the table when he dines with the Chinese president Xi Jinping at the G20 meeting in Argentina later this month.

China's official Xinhua News Agency said that Xi accepted the call at Trump's invitation.

The Trump-Xi meeting would be the first since the two countries began hitting each other with import taxes earlier this year. Trump complained for a long time about the trade deficit that the U.S. has with China and, among other things, wants the People's Republic to import more American goods. Unlike many other news organizations, we have not put up a paywall.

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